Daimler Truck Holding AG (FRA:DTG) Inventory Turnover : 1.21 (As of Dec. 2023)

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What is Daimler Truck Holding AG Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Daimler Truck Holding AG's Cost of Goods Sold for the three months ended in Dec. 2023 was €11,872 Mil. Daimler Truck Holding AG's Average Total Inventories for the quarter that ended in Dec. 2023 was €9,836 Mil. Daimler Truck Holding AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Daimler Truck Holding AG's Days Inventory for the three months ended in Dec. 2023 was 75.60.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Daimler Truck Holding AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.

Daimler Truck Holding AG Inventory Turnover Historical Data

The historical data trend for Daimler Truck Holding AG's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Daimler Truck Holding AG Inventory Turnover Chart

Daimler Truck Holding AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.93

4.42

4.62

5.00

4.90

Daimler Truck Holding AG Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											1.25	1.13	1.09	1.06	1.21

Daimler Truck Holding AG Inventory Turnover Calculation

Daimler Truck Holding AG's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	43968	/ (	(8802	+	9144)	/	2 )
=	43968	/	8973
=	4.90

Daimler Truck Holding AG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	11872	/ (	(10527	+	9144)	/	2 )
=	11872	/	9835.5
=	1.21

Daimler Truck Holding AG (FRA:DTG) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Daimler Truck Holding AG's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	9835.5	/	11872	*	365 / 4
	=	75.60

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Daimler Truck Holding AG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	9835.5	/	14950
	=	0.66

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Daimler Truck Holding AG Inventory Turnover Related Terms

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Daimler Truck Holding AG (FRA:DTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Daimler Truck Holding AG (FRA:DTG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

DTGHF:USA DTRUY:USA DTG:Romania DTGd:UK DTG1:Germany DTG:Germany DTG:Austria

Address

Fasanenweg 10, Leinfelden-Echterdingen, BW, DEU, 70771

Website

https://www.daimlertruck.com

Daimler Truck Holding AG is a commercial vehicle manufacturer. It operates through various brands including Bharat Benz, Freightliner, Fuso, Mercedes-Benz, Setra, Thomas Built Buses, and Western Star. Its products include Trucks, Buses, and Financial Services. The Group has five reportable segments: Trucks North America, Mercedes-Benz, Trucks Asia, Daimler Buses, and Financial Services. It generates maximum revenue from the Trucks North America segment. The Trucks North America segment develops, manufactures and sells trucks under the Freightliner and Western Star brands in North America. The segment's product range also includes buses of Thomas Built Buses as well as bus chassis.

Executives

Stephan Unger	Board of Directors
Jürgen Hartwig	Board of Directors
Dr. Andreas Gorbach	Board of Directors
John O’leary	Board of Directors
Jochen Götz	Board of Directors
Karl Deppen	Board of Directors
Thomas Martin Daum	Board of Directors
Martin Daum	Board of Directors

Daimler Truck Holding AG (FRA:DTG) Headlines

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